Home > 106th Congressional Bills > H.R. 3374 (ih) To strengthen the special examination authority of the Federal Deposit Insurance Corporation in order to protect the Bank Insurance Fund and the Savings Association Insurance Fund, and for other purposes. [Introduced in House] ...H.R. 3374 (ih) To strengthen the special examination authority of the Federal Deposit Insurance Corporation in order to protect the Bank Insurance Fund and the Savings Association Insurance Fund, and for other purposes. [Introduced in House] ...
106th CONGRESS
1st Session
H. R. 3373
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
November 17, 1999
Received
_______________________________________________________________________
AN ACT
To require the Secretary of the Treasury to mint coins in conjunction
with the minting of coins by the Republic of Iceland in commemoration
of the millennium of the discovery of the New World by Leif Ericson.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
TITLE I--LEIF ERICSON MILLENNIUM COMMEMORATIVE COIN
SEC. 101. SHORT TITLE.
This title may be cited as the ``Leif Ericson Millennium
Commemorative Coin Act''.
SEC. 102. COIN SPECIFICATIONS.
(a) $1 Silver Coins.--In conjunction with the simultaneous minting
and issuance of commemorative coins by the Republic of Iceland in
commemoration of the millennium of the discovery of the New World by
Leif Ericson, the Secretary of the Treasury (hereafter in this title
referred to as the ``Secretary'') shall mint and issue not more than
500,000 1 dollar coins, which shall--
(1) weigh 26.73 grams;
(2) have a diameter of 1.500 inches; and
(3) contain 90 percent silver and 10 percent copper.
(b) Legal Tender.--The coins minted under this title shall be legal
tender, as provided in section 5103 of title 31, United States Code.
(c) Numismatic Items.--For purposes of section 5136 of title 31,
United States Code, all coins minted under this title shall be
considered to be numismatic items.
SEC. 103. SOURCES OF BULLION.
The Secretary may obtain silver for minting coins under this title
from any available source, including stockpiles established under the
Strategic and Critical Materials Stock Piling Act.
SEC. 104. DESIGN OF COINS.
(a) Design Requirements.--
(1) In general.--The design of the coins minted under this
title shall be emblematic of the millennium of the discovery of
the New World by Leif Ericson.
(2) Designation and inscriptions.--On each coin minted
under this title there shall be--
(A) a designation of the value of the coin;
(B) an inscription of the year ``2000''; and
(C) inscriptions of the words ``Liberty'', ``In God
We Trust'', ``United States of America'', and ``E
Pluribus Unum''.
(b) Selection.--The design for the coins minted under this title
shall be--
(1) selected by the Secretary after consultation with the
Leifur Eiriksson Foundation and the Commission of Fine Arts;
and
(2) reviewed by the Citizens Commemorative Coin Advisory
Committee.
SEC. 105. ISSUANCE OF COINS.
(a) Quality of Coins.--Coins minted under this title shall be
issued in uncirculated and proof qualities.
(b) Mint Facility.--Only one facility of the United States Mint may
be used to strike any particular quality of the coins minted under this
title.
(c) Commencement of Issuance.--The Secretary may issue coins minted
under this title beginning January 1, 2000.
(d) Termination of Minting Authority.--No coins may be minted under
this title after December 31, 2000.
SEC. 106. SURCHARGES.
(a) In General.--All sales of coins minted under this title shall
include a surcharge of $10 per coin.
(b) Distribution.--All surcharges received by the Secretary from
the sale of coins issued under this title shall be promptly paid by the
Secretary to the Leifur Eiriksson Foundation for the purpose of funding
student exchanges between students of the United States and students of
Iceland.
(c) Audits.--The Leifur Eiriksson Foundation shall be subject to
the audit requirements of section 5134(f)(2) of title 31, United States
Code, with regard to the amounts received by the Foundation under
subsection (b).
SEC. 107. GENERAL WAIVER OF PROCUREMENT REGULATIONS.
(a) In General.--Except as provided in subsection (b), no provision
of law governing procurement or public contracts shall be applicable to
the procurement of goods and services necessary for carrying out the
provisions of this title.
(b) Equal Employment Opportunity.--Subsection (a) shall not relieve
any person entering into a contract under the authority of this title
from complying with any law relating to equal employment opportunity.
TITLE II--CAPITOL VISITOR CENTER COMMEMORATIVE COIN
SEC. 201. SHORT TITLE.
This title may be cited as the ``United States Capitol Visitor
Center Commemorative Coin Act of 1999''.
SEC. 202. FINDINGS.
Congress finds that--
(1) Congress moved to Washington, District of Columbia, and
first convened in the Capitol building in the year 1800;
(2) the Capitol building is now the greatest visible symbol
of representative democracy in the world;
(3) the Capitol building has approximately 5,000,000
visitors annually and suffers from a lack of facilities
necessary to properly serve them;
(4) the Capitol building and persons within the Capitol
have been provided with excellent security through the
dedication and sacrifice of the United States Capitol Police;
(5) Congress has appropriated $100,000,000, to be
supplemented with private funds, to construct a Capitol Visitor
Center to provide continued high security for the Capitol and
enhance the educational experience of visitors to the Capitol;
(6) Congress would like to offer the opportunity for all
persons to voluntarily participate in raising funds for the
Capitol Visitor Center; and
(7) it is appropriate to authorize coins commemorating the
first convening of the Congress in the Capitol building with
proceeds from the sale of the coins, less expenses, being
deposited for the United States Capitol Preservation Commission
with the specific purpose of aiding in the construction,
maintenance, and preservation of a Capitol Visitor Center.
SEC. 203. COIN SPECIFICATIONS.
(a) Denominations.--The Secretary of the Treasury (hereafter in
this title referred to as the ``Secretary'') shall mint and issue the
following coins under this title:
(1) Bimetallic coins.--Not more than 200,000 $10 bimetallic
coins of gold and platinum, in accordance with such
specifications as the Secretary determines to be appropriate.
(2) $1 silver coins.--Not more than 500,000 $1 coins, which
shall--
(A) weigh 26.73 grams;
(B) have a diameter of 1.500 inches; and
(C) contain 90 percent silver and 10 percent
copper.
(3) Half dollar.--Not more than 750,000 half dollar clad
coins, each of which--
(A) shall weigh 11.34 grams;
(B) have a diameter of 1.205 inches; and
(C) be minted to the specifications for half dollar
coins contained in section 5112(b) of title 31, United
States Code.
(b) $5 Gold Coins.--If the Secretary determines that the minting
and issuance of bimetallic coins under subsection (a)(1) is not
feasible, the Secretary may mint and issue instead not more than
100,000 $5 coins, which shall--
(1) weigh 8.359 grams;
(2) have a diameter of 0.850 inches; and
(3) contain 90 percent gold and 10 percent alloy.
(c) Legal Tender.--The coins minted under this title shall be legal
tender, as provided in section 5103 of title 31, United States Code.
SEC. 204. SOURCES OF BULLION.
(a) Platinum and Gold.--The Secretary shall obtain platinum and
gold for minting coins under this title from available sources.
(b) Silver.--The Secretary may obtain silver for minting coins
under this title from stockpiles established under the Strategic and
Critical Materials Stock Piling Act, and from other available sources.
SEC. 205. DESIGN OF COINS.
(a) Design Requirements.--
(1) In general.--The design of the coins minted under this
title shall be emblematic of the first meeting of the United
States Congress in the United States Capitol Building.
(2) Designation and inscriptions.--On each coin minted
under this title, there shall be--
(A) a designation of the value of the coin;
(B) an inscription of the year ``2001''; and
(C) inscriptions of the words ``Liberty'', ``In God
We Trust'', ``United States of America'', and ``E
Pluribus Unum''.
(b) Selection.--The design for the coins minted under this title
shall be--
(1) selected by the Secretary, after consultation with the
United States Capitol Preservation Commission (in this title
referred to as the ``Commission'') and the Commission of Fine
Arts; and
(2) reviewed by the Citizens Commemorative Coin Advisory
Committee.
SEC. 206. ISSUANCE OF COINS.
(a) Quality of Coins.--Coins minted under this title shall be
issued in uncirculated and proof qualities.
(b) Mint Facility.--Only 1 facility of the United States Mint may
be used to strike any particular combination of denomination and
quality of the coins minted under this title.
(c) First Use of Year 2001 Date.--The coins minted under this title
shall be the first commemorative coins of the United States to be
issued bearing the inscription of the year ``2001''.
(d) Promotion Consultation.--The Secretary shall--
(1) consult with the Commission in order to establish a
role for the Commission or an entity designated by the
Commission in the promotion, advertising, and marketing of the
coins minted under this title; and
(2) if the Secretary determines that such action would be
beneficial to the sale of coins minted under this title, enter
into a contract with the Commission or an entity referred to in
paragraph (1) to carry out the role established under paragraph
(1).
SEC. 207. SALE OF COINS.
(a) Sale Price.--The coins minted under this title shall be sold by
the Secretary at a price equal to the sum of--
(1) the face value of the coins;
(2) the surcharge provided in subsection (d) with respect
to such coins; and
(3) the cost of designing and issuing the coins (including
labor, materials, dies, use of machinery, overhead expenses,
marketing, and shipping).
(b) Bulk Sales.--The Secretary shall make bulk sales of the coins
issued under this title at a reasonable discount.
(c) Prepaid Orders.--
(1) In general.--The Secretary shall accept prepaid orders
for the coins minted under this title before the issuance of
such coins.
(2) Discount.--Sale prices with respect to prepaid orders
under paragraph (1) shall be at a reasonable discount.
(d) Surcharges.--All sales under this title shall include a
surcharge established by the Secretary, in an amount equal to not more
than--
(1) $50 per coin for the $10 coin or $35 per coin for the
$5 coin;
(2) $10 per coin for the $1 coin; and
(3) $3 per coin for the half dollar coin.
SEC. 208. DISTRIBUTION OF SURCHARGES.
All surcharges received by the Secretary from the sale of coins
minted under this title shall be deposited in the Capitol Preservation
Fund in accordance with section 5134(f) of title 31, United States
Code, and shall be made available to the Commission for the purpose of
aiding in the construction, maintenance, and preservation of a Capitol
Visitor Center.
TITLE III--LEWIS AND CLARK EXPEDITION COMMEMORATIVE COIN
SEC. 301. SHORT TITLE.
This title may be cited as the ``Lewis and Clark Expedition
Bicentennial Commemorative Coin Act''.
SEC. 302. FINDINGS.
The Congress finds that--
(1) the expedition commanded by Meriwether Lewis and
William Clark, which came to be called ``The Corps of
Discovery'', was one of the most remarkable and productive
scientific and military exploring expeditions in all American
history;
(2) President Thomas Jefferson gave Lewis and Clark the
mission to ``explore the Missouri River & such principal stream
of it, as, by its course and communication with the waters of
the Pacific Ocean, whether the Columbia, Oregon, Colorado, or
any other river may offer the most direct and practical water
communication across this continent for the purposes of
commerce'';
(3) the Expedition, in response to President Jefferson's
directive, greatly advanced our geographical knowledge of the
continent and prepared the way for the extension of the
American fur trade with American Indian tribes throughout the
land;
(4) President Jefferson directed the explorers to take note
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